Calculator for deposits

Calculator for loans

Calculate your installment! We would like to inform you that the calculated amounts are of informational character. For more detailed information and calculations for a specific case, please visit or contact the nearest branch of Capital Bank AD Skopje.

It is a measure of the economic policy wherewith the value of the national currency is reduced compared to one or several foreign currencies. The devaluation is undertaken in order to eliminate the external imbalance in the economy, i.e. to improve the conditions in the balance of international payments.

Acceptance is a statement of the person whose name is indicated in the bill of exchange, that in the maturity period for payment of the bill of exchange, the debt from the bill of exchange will be completely or partially collected.

Actuary is a professional who deals with financial problems, uncertainty and risks by using mathematical methods from the theory of probability, statistics and financial mathematics. The work of the actuary includes analysis of data from the past, assessment of existing risks and development of models for design of future events.

The overdraft on the transaction account is a Loan Agreement wherewith the clients get additional funds which are available on their transaction account, in an amount higher than the current balance of funds on that account.

Annuity is a regular, usually monthly, semi-annual or annual repayment of funds (quotas) which comprises of a part of the principal and part of an interest, which the debtor must pay in the name of gradual repayment of the loan.

A device which is usually installed in a high-traffic area or in the bank’s branch, which provides the user to withdraw money from his/her account, 24 hours a day. In order to withdraw money from the ATM, the card user must enter his PIN number, which he received from the bank in a separate, closed document and it is only known to the card owner i.e. the card owner.

Legal entity with a permit from the Governor of the National Bank of the Republic of Macedonia established in accordance with the Law on Banks, whose basic activity is to accept deposits and other repayable funds from the public, and approval of loans in its own name and for its own account. A foreign bank is a legal entity registered with a seat outside of the Republic of Macedonia, which was authorized to perform banking activities by a competent authority, and is supervised by a competent authority authorized by law or another regulation of this country.

A type of obligation-legal security whose content is a monetary claim. It is an unconditional written order of the issuer of a bill of exchange (drawer) intended for another person (drawee) in a specific time and in a specific place in order to pay a specific amount of money to the person indicated in the bill of exchange (remitter) or another person at his request.

Debtor’s bond, which confirms that the holder (buyer, creditor) paid to the debtor (issuer) a specific amount of money, as counter-value of the bond and that the debtor will pay to the creditor the borrowed amount, along with the interest, according to the determined interest rate and within the agreed terms. The bonds are an additional source of funds for the issuer.

Activities which are performed by the brokerage firm involving trade of financial instruments, activities in the primary market, preparation of analyses and provision of appropriate services, collection of dividends and interest coupons, representation of clients in a Shareholders’ Assembly, keeping securities, running a portfolio of securities for the account of the user of services, etc.

Creditor who on the basis of some legal activity transfers his/her claim or his/her property right to another person (assignee) and the debtor does not have to be notified. An insurer who transfers part of his risk to the reinsurer – the assignee in order to reduce the risk.

It is an exchange of interbanking payment orders for the purpose of calculation of bilateral and multilateral net-amounts which each banks owns or which are being owned to every bank for settlements of the payment orders included in each clearing circle.

A credit card is a card, as the word says, wherewith you get a loan from a bank. You use this loan by using the card i.e. by purchasing or withdrawing cash. You pay the spent loan amount in monthly installments. Unlike the classical loan, the loan that you get with the card is renewed with each payment you make, in the amount of the performed payment (for this reason this loan is called revolving loan). Another advantage of the credit card is that you personally choose the amount of payment (it cannot be less than the minimum amount indicated in your monthly statement). If you pay the entire amount you own within the period indicated in the statement, the bank usually does not charge interest. The period for which you do not pay interest is called grace period.

It is defined as reduction of the value of the monetary units. It is contrary to inflation. The occurrence of deflation in a specific region or country implies that less money could be used for the purchase of the same quantity of goods or services. The main characteristic of the deflation is not only the reduction of the value of the money, but also increase of unemployment.

Claim from the bank in cash, with or without interest or a compensation of any kind, collectable immediately or within a specific time period, depending on the conditions agreed in investments of funds.

Interest of the nominal value for the period from the sale of the bill of exchange to its maturity. The word discount is also used for other business transactions, as well as in calculations, reduction of the value of the principal before its real maturity, etc.

Part of the profit of the company which is distributed to the partners, that is, to the shareholders of the company in accordance with the rights determined in the shares, that is, in each type and class of shares.

Implies performance of banking transactions through telecommunication networks. In modern banking it is usually used as a term for a service which the banks offer to their clients in a form of transactions from their personal account through the internet.

An order which the Authorized person sends to the Bank in a form of an electronic message, which is in accordance with the rules determined by the User, the internal acts of the Bank, and the valid regulations for performance of payment operations.

It implies a sequence of data in electronic form which are contained or logically connected to other data in electronic form and it is intended for determination of authenticity of data and for determination of the identity of the signatory.

Grace period is a time period when principal of the loan is not paid, rather only the amount of the interest is paid. The grace period is usually approved at the very beginning, and the basic intent is to reduce the financial burden of the client.

it is an instrument wherewith the bank guarantees that its client will meet an obligation to a third party. The guarantees are off-balance sheet activities of the banks i.e. they are not registered in the balance sheet.

Hedging is an insurance against risk that arises from the operations such as the risk from the change of interest rated, the exchange rate, etc. In a situation where the economic entities do not want to undertake risk, they can choose financial derivatives for protection against risks. This does not prevent an undesired situation, however if it does happen, its effect would be reduced.

The inflation is a group of the general level of prices, measured through some index of prices, i.e. one cannot speak of inflation if the price of a product or a group of products has increased; second, the inflation is a trend of constant increase of prices, i.e. one-time growth of all prices (for example, due to increase of taxes) is not inflation.

Interest rate according to which a bank can provide funds from another bank for refinancing of the requested period, that is, an interest rate according to which monetary transactions take place between banks in the Euromarket.

An interest which is calculated and collected only during the period of use of the loan, that is, until the moment when the repayment of the loan starts, the bank calculates and collects interest by transferring the loan in repayment or through repayment in installments or annuities.

It is compensation in money for temporary borrowing of money or expressed in percent, it is a compensation (price) which the debtor pays to the creditor for temporary use of the borrowed money or capital.

Trading activity through which the commercial entities, usually the small and medium-sized enterprises contact a specialized institution in order to lease investment equipment for a specific period and for a specific compensation.

This agreement implies an obligation of a contractual party – leasing grantor to cede the agreed subject to use and to undertake all other activities regarding appropriate and orderly use of the agreed subject by the other party – leasing user which in turn, obliges to pay the agreed reward, that is, leasing installment to the other contracting party.

A letter wherewith the bank obliges towards another institution or a person who obliges after the performed contractual relations that he/she will pay a specific amount in favor of a third party. The documented letter of credit is an efficient instrument for payments in international trade.

Interest rate of the short-term interbanking market in London according to which the banks offer money to each other. LIBOR is a reference interest rate for the international banks and it is used as a reference during approval of loans. It is determined by five main banks from London every work day.

The loan requirements include the data about the determined deadlines, prices, insurance and other loan characteristics, that is, all other important elements which are regulated between the creditor and the loan user.

Personal Identification Number – personal identification number which comprises of 4 numbers and it is used as an identification of the user. It is an electronic signature of the user when withdrawing cash in ATMs.

A document which is being certified by a notary public and it is a statement of the owner of the property wherewith the owner unilaterally obliges that if the debt is not repaid within the maturity period, the creditor can collect the provided claim from the value of the pledged property.

Provision of funds for approval of loans – by accepting deposits from the bank’s clients, with sale of securities, by using a loan from the central bank on the basis of a rediscount of bills of exchange or by taking a Lombard loan.

Security (which may be issued by the joint stock company and the limited partnership with shares) which presents part of the core capital and it embodies the rights of the shareholder, who, being an owner of the share, is not a creditor of the company, neither an owner of a part of the company’s property.

Owner of one or several shares who is not held responsible for the obligations of the joint stock company or the limited partnership with shares. Any foreign national can be a shareholder. A foreign national can also acquire a share or shares in a way and under the conditions stipulated for the residents of the Republic of Macedonia and for the legal entities written in the trade register on the territory of the Republic of Macedonia, unless it is differently determined by law.

Book of the joint stock company which is kept in the Central Depositary for Securities where it includes electronically registered information, with indicated name and surname of the shareholder, as well as unique master citizen number (identification number), passport number, that is, identification card number, if the shareholder is a foreign national or another document for identity determination – valid in the persons’ country and his/her citizenship, as well as the place of residence, that is, the company, the seat, unique company registration number (legal entity identifier), if the shareholder is a legal entity, and other information.

Savings deposits, current (transaction) accounts and bank accounts. The money of the sight deposits are available to the owner of the account (investor) at any time and the owner can freely dispose of them at any time.

It implies formal and material properties of the entity which make it a secure debtor, regardless of whether it is a matter of a bank where funds are invested or it is an individual person/ a legal entity who/which is given a loan.

Control of the creditworthiness of the borrower. The control of the income of the borrower is the primary target, as well as the borrower’s future income. The control includes the use of balance sheets, profit and loss statements, plans for product placement, etc. In addition, the borrower’s reputation in the business world is checked, as well as his expertise and entrepreneurial ability.

Systematized set of data, indicators and documents about the solvency of the legal entities and the entrepreneurs. These are prepared in standardized (multi-purpose) and specialized (for a specific purpose) form of reports.

An indicator which shows the movement of prices of representative securities which are listed in a stock exchange. The stock exchange itself chooses the representative securities which best reflect the entire movement of prices. The stock exchange can determine several indices for different securities, divided according to different criteria (type of industry, type of security).

Society for worldwide interbank financial telecommunications – It is a computer system for simple transmission of funds between the banks and other financial institutions which are members of SWIFT. This interbank network is established in 1973 by 238 banks from 15 countries. It started to operate in 1977, when the first European banks exchanged a message.

This refers to a specific fixed period for which the client’s funds are deposited in a bank in a bankbook and the minimum duration of this period can be 1 month, and maximum 36 months. The deposited funds are related to the specified period and the client can withdraw the funds earlier, unless it is differently defined in the Agreement on term deposits which is concluded between the Bank and the client. In an event of early terminated term deposit, usually the Bank does not pay to the client the regularly agreed interest rate, rather a sight interest is paid which is defined in accordance with the list of tariffs of the Bank.

Activities wherewith the obligations of the agreement are met within a period and under circumstances determined at the conclusion of the agreement. The term sale and purchase is particularly specific for works with securities.

Characteristic of the debtor which speaks of the preparedness of the debtor to meet his/her obligations in regard to the borrowed loan, which is also one of the criteria for analysis of the securities.

The total cost rate provides a realistic figure of the total loan price because it is based on total costs which the client pays to the bank when he withdraws the loan and during the payment of the loan. Total cost rate is a total loan price and it comprises of the following data: the loan amount, the repayment period, the amount of the nominal interest rate of the loan and the amounts of costs which are included in the calculation of the total cost rate.

Transfer of money of the creditor to the account of the debtor or the account of the creditor. In the transaction, debtor and creditor could be different individual persons or legal entities, that is, the same individual person or legal entity.